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Twitter Q2 net loss $116 million

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Staff Writer | July 27, 2017
Twitter failed to boost its user base and saw a drop in revenues in the past quarter.
Twitter
Twitter   Twitter said revenues in the quarter slipped five percent
Twitter reported a net loss of $116 million in the second quarter.

More significantly, Twitter reported its base of monthly active users was unchanged at 328 million compared to the first three months of the year and up just five percent from a year earlier.

Twitter said revenues in the quarter slipped five percent from a year ago to $574 million, and advertising revenue fell eight percent to $489 million.


 

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